Executive SummaryAtlanta, the most populous city and capital of the state of Georgia, is also known for being the ninth largest metropolitan area in the country. The city has faced some extreme economic challenges in recent years, but is now successfully entering the comeback phase. The city's recovery is due in part to its conservative budgeting practices and procedures and its commitment to restoring the city's financial sanctity. Thanks to the vision and leadership of current Mayor Kasim Reed, the city has been able to pass balanced, resourceful budgets and establish a sizable cash reserve that has helped create a manageable debt burden with future borrowing plans limited. The following report will examine the City of Atlanta budget development process and the responsibilities underlying budget administration and management. The City's spending transparency and internal control standards will also be detailed. A brief budget analysis will be conducted that will evaluate the sources and trends of revenue and expenditures over the past few years and how forecasts help evaluate the City's future revenue needs. Finally, any tax challenges to the entity related to outstanding long-term debt obligations, the City's financial ratings, and its pension obligations will be discussed. The comparisons take place for the fiscal year ending June 30, 2012 and June 30, 2011. The information presentation will provide a synopsis of Atlanta's fiscal condition from the past, present and future and any weaknesses the city needs to work on move forward .IntroductionThe City of Atlanta budget has a comprehensive process that ensures the city will have a balanced budget that maintains the necessary... middle of the paper... with. The city is aware of these challenges and will continue to address them as efficiently as other obstacles. Conclusion Despite the challenges mentioned above, Atlanta is on the path back to fiscal policy. Based on revenue and expenditure analysis, budget development, and financial management processes, the City of Atlanta is making a very rigorous effort to ensure fiscal sustainability. The City has made significant progress over the past three years and its financial position is continually improving; however, sustained progress will not be achieved without fiscal discipline and long-term strategies that require proactive decisions and actions over multiple years. From the progress the City has made to date, the current City leadership is committed to implementing the Mayor's priorities and providing clear and transparent reporting of its financial activities.